India has imported products of worth $507.6 billion in the financial year 2018 that is up by 10.5% since 2014 and up by 14.3% from 2017-18, reveals India Import Data report. From a continental viewpoint, 60.3% of India’s entire imports by value in the year 2018 were bought from fellow Asian nations. Let’s get a closer picture from India import statistics and shipping data.
India’s Top 10 Imports
Top ten imports of India accounted for four-fifths (80%) of the entire value of its product purchases from other nations. Imported mineral fuels like oil have the fastest-growing increase in value among India’s top ten import categories (up to 37% year over year), in the second place for boosting import purchases was the inorganic chemicals category by a 29.8% progress.
Two decreasing groups of India’s imports were oils & waxes, animal & vegetable fats (down -14.4%) and precious metals & gems (down - 12.6%).
The following item group reveals the highest dollar value in India’s import purchases during 2018. Also shown the percentage share of every product category that represents the entire imports into India.
India’s Largest Import Partners
Import partners of India with their entire import value in billions for the financial year 2017 to 2018 were as follows:-
What is Indian Import Data?
Import data of India includes factual details of road, sea, and air consignments which enter into nation’s ports. It is based on updated import-export documents including shipping bills, invoices, and import bills. This data report has actual shipping records of India which are obtained from trusted sources like logistics & shipping companies, government bodies, India’s customs, trade associations, etc.
Import Data India has a wide coverage of records including India’s import companies with contact details, global export companies with contact details, product’s description, HS code, value, net weight, etc.
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